يوم جديد – ما مصير ودائع اللبنانيين؟

This video is an interview by May Sahhab, from TV station OTV, with former Chairman and CEO of
Standard Chartered Bank SAL (Lebanon) Dan Azzi. The topics ranged over a variety of topics,
including the importance of the forensic audit of the central bank of Lebanon (BDL), and the
impediments standing in the way of its execution. It also discussed the Lebanese banking and
monetary crisis, and suggested some solutions to stop the current collapse. It then went on to
discuss the currency crisis and digital currency. It also discussed recommendations to clean up the
balance sheet losses in the banking sector and that the losses need not touch more than a minority
of people, namely the 6,000 richest persons, who control accounts worth almost $90 billion. The
massive inequality in Lebanon, normally a very negative factor, in this case, is a blessing in
disguise, because losses can be born by the top 0.1% of the population, and that the poor and
middle class can be shielded from the brunt of the collapse. Finally, the interview addressed
identified the impediment to applying this technically simple solution, as the resistance by the
political elite whose influence is spread across all political parties, and whose alliance is impeding
any progress to contain the crisis. #OTVLebanon
#OTVNews